Welcome to our dedicated page for ExlService Holdings news (Ticker: EXLS), a resource for investors and traders seeking the latest updates and insights on ExlService Holdings stock.
ExlService Holdings, Inc. (NASDAQ: EXLS) is a leading global provider of business process solutions, leveraging its expertise in data analytics, artificial intelligence (AI), and machine learning (ML) to drive business impact. Founded in 1999 and headquartered in New York, EXL operates with over 54,000 professionals across the United States, Europe, and Asia.
EXL offers an array of services through four primary segments: Insurance, Healthcare, Emerging, and Analytics. The company specializes in operations management, decision analytics, and technology platforms, serving a diverse client base that includes industries such as insurance, healthcare, banking, financial services, utilities, and transportation. EXL works as a strategic partner to help clients streamline their operations, improve corporate finance, manage compliance, and create new growth channels.
EXL's commitment to innovation is evident in its AI-driven approach and digital transformation initiatives. The company provides business process outsourcing and automation services, delivering data-driven insights that enable clients to make informed decisions and enhance their operational efficiency. More than half of EXL's revenue is derived from its Analytics segment, underscoring its robust capacity in data analytics and AI.
In recent developments, EXL has announced a $500 million common stock repurchase program effective March 1, 2024, reflecting its confidence in sustaining growth and generating significant free cash flow. This initiative aligns with EXL's broader capital allocation strategy, aiming to maximize shareholder value while fostering innovation.
EXL is widely recognized for its industry-leading capabilities, having been named a top performer in Everest Group’s Analytics and AI Services Specialists PEAK Matrix® Assessment. The company's strategic partnerships, like the one with Quilt.AI, bolster its ability to offer advanced AI and data analytics solutions, helping clients gain deeper consumer insights and improve their market responsiveness.
For more information, visit www.exlservice.com.
XANT has formed a strategic partnership with EXL, enhancing its Sales Engagement Platform through EXL's AI-driven lead qualification capabilities. This collaboration aims to improve revenue acceleration and customer experiences in sales and marketing. Narasimha Kini, EXL's Senior VP, emphasizes that this partnership will leverage data and analytics to drive success. Additionally, EXL's expertise in digital transformation will benefit both companies and their customers. XANT's platform aims to optimize sales processes, utilizing AI for better customer engagement.
EXL (NASDAQ: EXLS) has expanded its collaboration with AWS to enhance operational capabilities in AI, Analytics, Automation, and Cloud technologies for enterprise clients. This initiative aims to overcome challenges in implementing data-driven technologies amidst legacy systems. The AI Operating System (AI:OS) will enable improved data access, redesigned workflows, and scalability through cloud-native architecture. Additionally, EXL will utilize AWS services for developing domain-specific solutions and training programs to advance digital employee capabilities.
EXL [NASDAQ: EXLS], recognized as a Leader in the Everest Group PEAK Matrix® for P&C Insurance BPO for the seventh consecutive year, has been praised for its market impact, vision, and capability. The report emphasized EXL's diverse client base, innovative services, and significant investments in AI and advanced analytics. With a steadily growing global presence and deep domain expertise, EXL is positioned to help insurers navigate digital transformation and enhance customer experiences in a rapidly evolving market.
EXL Launches Integrated Revenue Management Solutions
NEW YORK, June 21, 2021 – EXL (NASDAQ: EXLS) announced new Integrated Revenue Management Solutions from its EXL Health division, developed in partnership with REVELOHEALTH. This collaboration aims to enhance payment processing and revenue analytics for healthcare providers, helping them optimize revenue cycle management. Notably, the median operating margin for U.S. hospitals dropped 56% in 2020, emphasizing the need for effective financial strategies. The new solutions combine deep analytics with advanced digital workflows, aiming for more accurate and timely payment processes.
EXL (NASDAQ: EXLS), a leading Operations Management and Analytics company, has been named a leader in all six categories of the NelsonHall 2021 Healthcare Payer NEAT Report. The report highlights EXL's capabilities in Overall, Provider Management, Plan Design and Enrollment, Member Services, Operations Transformation, and Claims and Billing. EXL Health focuses on addressing challenges in healthcare through advanced analytics and comprehensive domain expertise, assisting payers and providers in improving quality of care, patient experience, and operational efficiency.
EXL (NASDAQ: EXLS) has been recognized as a Leader in three categories of the 2020 ISG Provider Lens™ Insurance BPO Services Report, including Life & Retirement Services and Property & Casualty Insurance Services. The report highlights EXL's extensive experience in the insurance industry and its advanced digital transformation capabilities. Key strengths noted include deep domain expertise, a robust digital TPA ecosystem, and a strong presence in the U.S. market. This recognition underscores EXL's role as a vital partner for data-led insurers, enhancing operational intelligence through innovative digital and AI solutions.
EXL, a prominent operations management and analytics company, has forged a strategic partnership with ACORD to advance digital solutions for the property and casualty (P&C) insurance sector. This alliance focuses on enhancing operations in underwriting, distribution, and claims management by leveraging ACORD’s data standards and solutions. The partnership aims to reduce costs, improve data exchange accuracy, and accelerate processes, ultimately enhancing client experiences in insurance services.
ExlService Holdings (NASDAQ: EXLS) announced participation in several upcoming investor conferences in May and June 2021. The senior leadership team will engage with investors through meetings and presentations, highlighting the company's role as a key partner for data-driven business solutions. Key events include:
- Needham & Company Annual Technology & Media Conference on May 17
- Barrington Research Annual Spring Investment Conference on May 27
- Cowen & Company Technology, Media & Telecom Conference on June 2
- Baird Global Consumer Technology & Services Conference on June 9
- Stifel Virtual Cross Sector Insight Conference on June 10
ExlService Holdings reported Q1 2021 revenues of $261.4 million, a 6.3% increase year-over-year. Q1 diluted earnings per share (GAAP) rose to $0.93, up from $0.65 in Q1 2020. Adjusted diluted EPS reached $1.18, marking a 46% year-over-year increase. The company won 14 new clients and is increasing its revenue guidance for 2021 to between $1.04 billion and $1.07 billion, reflecting an 8% to 11% anticipated growth. Challenges remain due to the pandemic impacting delivery centers, particularly in India and the Philippines.
EXL (NASDAQ: EXLS) announced the retirement of Pavan Bagai, President and COO, effective October 1, 2021. His roles will transition to other executives over the coming months. Rohit Kapoor, CEO, praised Bagai's contributions over his 19-year tenure, particularly in establishing the foundation of EXL's operations and analytics businesses. Bagai expressed pride in the company's growth and readiness for a digital future. The company continues to position itself strongly in the operational management and analytics sectors, serving diverse industries globally.
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